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38
rump signs executive order cracking down on ‘debanking’ (archive.vn)
posted 317 days ago by Galean 317 days ago by Galean +38 / -0
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– RadiateTonight 5 points 317 days ago +5 / -0

archives is being retarded with googles captcha shit so there's some quotes from the article.

President Trump signed an executive order Thursday aimed at preventing banks from refusing to offer financial services to people based on their political beliefs or lawful business activities – a practice known as “debanking.”

Earlier this week, Trump accused JPMorgan Chase and Bank of America of rejecting more than $1 billion of his deposits for political reasons.

Former Republican Kansas Gov. Sam Brownback recently alleged he was “debanked” by JPMorgan over his conservative religious views – a claim the bank denied. Banks have also been accused of canceling accounts of customers engaged in cryptocurrency ventures and supporting conservative causes, such as Second Amendment activities. Trump noted that victims of debanking have “suffered frozen payrolls, debt and crushing interest, and other significant harms to their livelihoods, reputations, and financial well-being.” “Such practices are incompatible with a free society and the principle that the provision of banking services should be based on material, measurable, and justifiable risks,” the president continued, describing discriminatory debanking as “unlawful.

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